Warning, this may be a crap-post, but I am ok with that, you need to hear this.
If you couldn't tell from the capital letters, I am incredibly excited about this project.
The Leo Finance team has tweeted out that very very soon we will see the launch of the LeoBridge via the Cub Finance website.
What Does This Mean?
It means that they are launching a one of a kind product that will allow for the seamless swap of any ERC-20 to BEP-20 and vice versa using the Leo token as the intermediary. The impact on the Leo and Cub token's prices will be exponential as the utility of the DeFi service is finally coming into fruition.
Leo will be burned as the fees begin to stack up from the swaps and when you create scarcity in a token with real utility...........
Get the rocket ships ready, this thing could go to the moon.
They are capping intial swaps at $3000 USD according to their tweet so that they can ease the protocol into function. I am a fan of this idea as it will allow people to establish trust for the product and gain traction for when the cap is lifted and the whales begin swapping big money.
What Does This Mean For Hive?:
In my opinion, seeing such high levels of utility and innovation will show investors exactly what the best of the best can do on the Hive blockchain. This project is incredibly exciting as it provides yet another link between the Hive ecosystem and other blockchains out there.
Parting Words:
This is by no means financial advice. However, I could see this tool driving Leo, Cub, Hive, LBI, etc. to all time highs in the coming weeks. There is just too much practical use for this tool to go unnoticed in the larger crypto community. Let's see what happens, but I am really excited to be here!
Links and Connections:
Follow me on Twitter: Rob_Minnick23
LeoFinance/HIVE : rob23
Join me on Torum: https://www.torum.com/signup?referral_code=robminnick23
Join Cake DeFi and get $30 in $DFI as a new user: https://pool.cakedefi.com/#?ref=187314
Noise.cash: rob23
Read.cash: R23
Join me on Publish0x: https://www.publish0x.com/?a=M7e587xqd2
Who I am:
My name is Rob and I am a college student doing my best to get involved in the crypto world. I have enjoyed blogging thus far and thank you for reading my article! Give me a follow and let’s build the community together through consistent engagement.